Sumitomo Electric Industries' subsidiary Sumitomo Densetsu has decided to issue A-class preferred shares to Daiwa House Industry for approximately 123 billion yen through third-party allotment. The proceeds will fund the acquisition of all ordinary shares held by Sumitomo Electric Industries, enabling Daiwa House to achieve complete subsidiary status following its successful public tender offer in December 2025.
¥123.0bn
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Summary
Sumitomo Electric Industries' subsidiary Sumitomo Densetsu has decided to issue A-class preferred shares to Daiwa House Industry for approximately 123 billion yen through third-party allotment. The proceeds will fund the acquisition of all ordinary shares held by Sumitomo Electric Industries, enabling Daiwa House to achieve complete subsidiary status following its successful public tender offer in December 2025.
Counterparty: Daiwa House Industry Co., Ltd. (大和ハウス工業株式会社)
Daiwa House Industry Co., Ltd. has launched a tender offer to acquire all shares of the company (excluding treasury stock and non-tendered shares held by Sumitomo Electric Industries, the parent company) with the objective of making the company a wholly-owned subsidiary. The acquisition involves a stock consolidation to squeeze out minority shareholders, followed by treasury stock acquisition at a separately determined price.
¥8929
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Summary
Daiwa House Industry Co., Ltd. has launched a tender offer to acquire all shares of the company (excluding treasury stock and non-tendered shares held by Sumitomo Electric Industries, the parent company) with the objective of making the company a wholly-owned subsidiary. The acquisition involves a stock consolidation to squeeze out minority shareholders, followed by treasury stock acquisition at a separately determined price.
Counterparty: Daiwa House Industry Co., Ltd. (公開買付者) and Sumitomo Electric Industries Co., Ltd. (住友電気工業)